DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge

DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge

Joint rulers of the daily fantasy recreations (DFS) market DraftKings and FanDuel have actually walked away from a proposed merger of equals, less than a month after the Federal Trade Commission (FTC) moved to block the offer on grounds of antitrust ‘fair competition’ issues.

The offer’s off: DraftKing’s Jason Robins (left) and FanDuel’s Nigel Eccles announced on Thursday that their companies would be going it alone, calling down a potential FTC fight in the grounds of antitrust violations. (Image: Reuters)

The two companies announced the termination of the tie-up on Thursday, simply days after they’d each filed appropriate briefs to a district that is federal, vigorously defending the merger.

But with both companies already fighting legal actions on several fronts, it looked like another costly and possibly condemned appropriate battle lay ahead. A source told ESPN that accepting the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation might have dramatically slice the amount of appropriate and costs that are lobbying two businesses spend fighting for legal DFS in states across the united states. It might additionally eliminate the expenses associated with trying to out-market one another.

The failure of the deal leaves both in precarious positions that are financial as neither has ever been profitable. Documents related to the merger leaked last month revealed that Читать далее «DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge»

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Casino News: $3M Payout, Nebraska Casinos, Chinese AI

Casino News: $3M Payout, Nebraska Casinos, Chinese AI

This week’s casino news comes with a look into the future as to how casinos might employ AI. Before we have to that story we are going to start off with a story that is bizarre of damage at Jack Casino.

Woman Awarded $3 Million After Tripping On Damp Floor Sign At Jack Casino

Casino patrons have gathered big winnings from the house before but we’ve hardly ever heard of stories like this.

A lady who fell on a collapsed ‘wet floor’ sign at Jack Casino was awarded $3 million by way of a Hamilton County jury as consequence of the spill. Lynda Sadowski suffered a kneecap that is broken required metal hardware positioned in her leg after dropping on the sign. According to her lawyer, Sadowski’s mobility has worsened since her autumn and a second surgery on the knee might be required.

The casino argued in court that the injury was a result of the woman’s failure to pay attention to her surroundings when she tripped on the sign, the jury disagreed with their position. While the woman will have to handle some ongoing pain following the incident, she might not mind it nearly as much after the $3 million payment she was awarded.

Decision On Casino Gambling In Nebraska May Be Left Up To Voters

Supporters of legalised casinos in hawaii of Nebraska have launched a petition that is formal to move the problem to the ballot for 2020. The petition has backing that is financial the economic corporation owned by the Winnebago Tribe of Ne Читать далее «Casino News: $3M Payout, Nebraska Casinos, Chinese AI»

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